WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
Cannabis sales in Colorado eclipsed a record $2 billion in 2020, state records show. According to the Department of Revenue’s Marijuana Enforcement Division (MED), adult-use cannabis shops throughout the Centennial State raked in nearly $1.6 billion year-to-date through November. Meanwhile, medical marijuana dispensaries sold more than $405 million
Illinois has reportedly collected a total of $62 million in cannabis tax funds to support impoverished neighborhoods in the state. However, some are getting frustrated because the money has not yet been spent to give back to the community.  Original link
Clever Leaves Original link
Indiana farmers have enough to worry about with the learning curve associated with growing hemp – and they’ll also need to be wary of dishonest hemp seed vendors too. But there is an easy way to avoid being conned. 2021 will be the first year hemp is grown in the state as a commercial crop rather than just for research purposes. There’s lots of int
This story is adapted from From Seed to Success: How to Launch a Great Cannabis Cultivation Business in Record Time (2020) by Ryan Douglas Original link
There were big expectations for the cannabis-infused food and beverage space leading up to the start of last year. Venture capital investment was increasing, seasoned executives were jumping into the trendy space and established players pledged to launch products.  But 2020 was not the breakout year for cannabis that some had anticipated.  Original
Making industrial hemp a profitable commodity for the West Texas agriculture community is a goal for the Texas Hemp Growers Association, and it's looking more likely to happen this year as potential partnerships with area grocers and other companies emerge. Farmers interested in growing hemp in 2020, the first year to legally grow the crop, had to
As the economy continues to struggle during the COVID-19 pandemic, marijuana dispensaries are still sprouting up across West Michigan. Greg Maki, the owner of Park Place Provisionary, a marijuana shop in Muskegon, loves to see his customers purchase his goods. His store carries more than 670 items. “We carry everything for everybody,” Maki said. “B
Even without full federal legalization, the country's cannabis market was valued at over $13 billion in 2019 and, according to stats compiled by New Frontier Data, expected to reach $30 billion by 2025. As five more states legalize it, consumer spending is only going to go up and e-commerce continues to drive innovation throughout this budding indu
Marijuana reform at the U.S. federal level could soon be on the way, as it won't be long before Democrats are in control of the House, Senate, and White House. And that's giving the industry a lot of hope that legislation favorable to marijuana could pass, potentially making the already hot cannabis industry an even more appealing investment opport
Trulieve (OTC:TCNNF), Green Thumb Industries (OTC:GTBIF), and GrowGeneration (NASDAQ:GRWG) have at least tripled investors' money over the past year alone. Those are substantial returns considering that the industry benchmark, the Horizons Marijuana Life Sciences ETF, only returned 22% over the past 12 months. Just what could be behind such amazing
Cannabis stocks are off to a hot start to the year, but can that momentum be sustained? Thanks in large part to optimism surrounding the Georgia Senate run-off election results that will give the Democratic Party control of Congress in addition to the White House, cannabis has been one of the biggest winners of the new year, with the valuations of
Now is an excellent time to be in the infused products game. In the next four years, experts predict that legal retail sales of THC-infused products alone will surpass $21.5 billion. CBD is becoming more mainstream every day, and quality infused products are pulling in A-list investors.  Still, creating a successful infused product is very much a s
Put in the work, be disciplined, and consider getting a little exposure in this area to balance out a well-diversified portfolio. Whether or not you’re personally interested in the use or application of cannabis, there’s no doubt that this market is prepared to boom in the coming years. Strategically adding some stocks to your portfolio could gener
Maine is currently the only state in the country to kick off recreational marijuana sales during the pandemic. According to the Maine Office of Marijuana Policy, even with nearly 45 active licenses given to growers, manufacturers, testing sites and retail stores across the state, the demand has been too high for the supply chain to keep up. But off
The latest report from the Canadian Centre for Policy Alternatives (CCPA), titled The Golden Cushion, lists Canada’s top-paid CEOs in 2019. On average, the top-100 CEOs made 202 times what the average Canadian worker earned. Original link